Gate Crypto Flash News and Market Updates

According to Brett Redfearn, president of Securitize, the U.S. Securities and Exchange Commission withdrew its crypto innovation exemption rules last Friday due to concerns over an upcoming vote on the CLARITY Act. Redfearn expects the rules to be reintroduced in early October, following a Senate vote scheduled for September 15.

According to BIT trading data, crypto-related U.S. stocks extended gains during premarket trading on August 20. BitMine (BMNR) surged 7.81%, MicroStrategy (MSTR) rose 6.43%, SharpLink (SBET) climbed 5.28%, and Coinbase (COIN) gained 5.18%, while Circle (CRCL) added 5.16%.

According to Jin10 Futures, domestic methanol prices moved higher on August 20 as international crude oil prices continued advancing and Middle East supply chains weakened. The sustained production cuts in oil-to-olefins processes, driven by supply constraints, have boosted demand recovery in coal-to-olefins production, supporting inland methanol prices and pushing coastal market prices upward.

According to HSBC's August 18 report, SpaceX's Starlink has crossed its scale-up inflection point with 10.2 million active satellites and 12 million broadband users covering 167 markets as of June 30. Additionally, 7.4 million monthly active devices connect directly to cell phones via satellite across 30 countries. Starship aims to reduce launch costs to $100-$300 per kilogram, a 95% decline from historical averages. HSBC notes that the space industry is now supporting Earth's sectors through th

According to S&P Global's August 20 report, Korean institutional investors are increasingly shifting to defensive investment positions in overseas markets due to elevated U.S. stock valuations, prolonged high interest rates, and credit risks tied to artificial intelligence, the report states. Investors are reallocating capital toward higher-dividend-yielding diversified assets and bond-like instruments with stronger resilience during market volatility. Many are rebalancing portfolios away from U

According to Mike Cagney's announcement on X on August 20, the SoFi and Figure co-founder launched The Wallet Co, a mobile application combining fintech usability with self-custody, blockchain-native features, and AI agents. The platform will offer yield-bearing cash products, tokenized real-world asset (RWA) yields, securities prediction markets, and AI agents embedded within each wallet.

According to MoneyToday, on August 20, GolfZon Holdings' second public tender offer at 6,700 won faced headwinds as the stock closed at 7,600 won, marking its eighth consecutive day above the offer price. Existing shareholders lose incentive to accept the bid when market prices exceed the tender price. Foreign investors have made net purchases for seven consecutive trading days from August 10, increasing their holdings by approximately 2.8 billion won. The tender offer closes on September 2 at 3

According to BlockBeats citing BIT market data, on Thursday (August 20), U.S. storage stocks surged in premarket trading, with SK Hynix (SKHY) leading gains at 4.58%, followed by SanDisk (SNDK) up 2.14%, Seagate Technology (STX) up 1.85%, Micron Technology (MU) up 1.70%, and Western Digital (WDC) up 1.39%. Neocloud sector stocks also advanced, with Galaxy Digital (GLXY) up 2.28%, Cipher Digital (CIFR) up 2.20%, Nebius (NBIS) up 2.07%, and Hut 8 (HUT) up 1.85%. Optical communications and semicond

According to Korea Exchange, Kakao Mobility filed a draft registration statement with the U.S. Securities and Exchange Commission today, August 20, as part of its $1 billion U.S. initial public offering plan. The exchange requested Kakao to disclose information regarding its subsidiary's IPO push, with a response deadline of 6 p.m. The move follows the company's previous attempt to list on domestic markets, which was withdrawn amid controversy over dual listing regulations.

According to UK sources, Russia-Ukraine port strikes have halted Black Sea grain exports by 97% as of August 19. Ukrainian forces attacked Russia's Novorossiysk port, forcing shutdowns of three major grain terminals, while Odesa port ceased operations in late July. Ukraine's Agriculture Minister Taras Vysotsky confirmed no new ships entered ports since mid-August. Russia's remaining operational grain terminal in Tuapse has a monthly capacity of approximately 160,000 tons. Yevgeny Karabanov, head

According to Ukraine's Agriculture Minister, global wheat prices could rise $80 per ton due to supply shortages in the Black Sea region, as of August 20.

According to Korea Exchange Data Marketplace, South Korea's bond-equity mixed ETFs surged to 20.43 trillion won in net assets as of August 18, with 72 products listed, representing a 4-fold increase from 4.72 trillion won (51 products) a year prior. The category doubled from 8.08 trillion won at the start of 2026. The growth reflects inflows from retirement fund investors seeking to balance exposure to volatile stocks like Samsung Electronics and SK Hynix with fixed-income securities. A flagship

According to industry sources, South Korea's National Pension Service invested $250 million on July 20 as a cornerstone investor in Chinese technology company ZJinolight's Hong Kong IPO offering, six weeks after the U.S. Department of Defense designated the firm as a Chinese military-connected enterprise (CMC) in June. The investment drew scrutiny over geopolitical risk exposure and transparency, as ZJinolight manufactures optical transceivers used in AI data centers. This marks the first confir

According to Jin10 Futures, on August 20 at 4 p.m., the CNEX money market sentiment index reported 51, up 1 point from 2:30 p.m. Among constituent sectors, large banks' index stood at 50, mid-sized and small banks at 52, and non-bank institutions at 50, each up 1 point.

According to ChainCatcher, gold prices recently broke above $4,500 per ounce, with a single-day gain exceeding 3%. CoinGlass data shows Bitget XAUT/USDT contracts recorded $21.19 million in 24-hour trading volume, up 34.05% from the prior period.

According to Tether's latest disclosed holdings as of June 30, approximately $47 billion of its roughly $190 billion reserve portfolio does not qualify under the U.S. GENIUS Act's reserve-asset requirements, representing about 25% of total reserves. The non-compliant assets include approximately $18.8 billion in precious metals, $13.5 billion in secured loans, $5.8 billion in Bitcoin, $3.7 billion in public equities, and $5.24 billion in other investments. Under GENIUS Act rules, eligible reserv

According to Singapore's Economic Development Board, fuel oil inventories rose by 1.188 million barrels to 18.423 million barrels, a two-week high, in the week ended August 19.

According to Singapore's Economic Development Board, as of the week ending August 19, Singapore's middle distillate inventories fell 7.39 million barrels to 82.74 million barrels, marking a two-week low.

According to Hana Investment Securities' interim report released on August 20, the company's book value of Dunamu shares reached 1.506 trillion won as of June end, after acquiring an additional 597.8 billion won of the cryptocurrency exchange operator's stock in the first half of 2026. The shareholding ratio increased from 5.94% to 9.84%, with unrealized gains of 197.7 billion won recorded during the period. The Dunamu stake now represents 66.5% of Hana Investment Securities' standalone equity c

According to ING Group strategist Chris Turner, the U.S. dollar fell to a three-month low on Aug 20, with the DXY index declining to 98.708. Turner attributed the weakness to the U.S. Treasury Department's decision to expand long-term debt buyback programs, which bolstered market risk sentiment. The analyst stated that Treasury Secretary Bessent's willingness to intervene in borrowing costs has reduced one of the primary risks for risk assets this summer, weakening the dollar's appeal as a safe-